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20130320
20130320
Search Results 0 to 3 of about 4 (some duplicates have been removed)
] but the republicans -- but the republicans would only raise the debt ceiling if the president promised later spending cuts. if those were not passed by an arbitrary date, it would trigger the sequester, a doomsday scenario designed to cripple programs that both sides love. the democrats would see damaging reductions in education, national parks, vaccination programs, food inspection, even the national zoo while republicans would see cuts to everything they hold dear like the military. [laughter] the point is -- [cheers and applause] -- if the two sides failed to come to a compromise in march 2013 would come in likeÑi a lion and go out like a lion loose from the unguarded national zoo. it was a good plan as long as one of the sides didn't forget that it was a horrible plan. >> you know, look, we're talking about $85 billion.Ñi we borrow $85 billion every three days. this is three tenths of 1% of g.d.p. it's two cents on the dollar. >> the federal government is highly inefficient. it could use a 5% or 10% cut. >> stephen: that is a courageous stance by rudy giuliani. that eliminate only 280,000 jobs,
the debt ceiling $2.1 trillion but we would reduce spending over ten years $2.1 trillion. well, we've already run up another $2.1 trillion in debt. we've already hit that. but they're proposing, and the president himself in his budget last january, six months -- less that six months after he signed the budget control act eliminating a little bit of the growth in spending, he's proposing to eliminate it, at least the sequester part of it, which is $1.2 trillion, 60%. so here are some other figures that are plain that the american people should know about this budget. it has a 60% spending increase over ten years, would increase spending 60%. it has $162 billion increase in spending next year, another stimulus bill. $7.3 trillion in new federal debt will be added under this budget over the next ten years. $1.5 trillion in tax increases. 80% increase in federal welfare and means-tested poverty spending. all the poverty programs, mean-tested programs would increase 80%. no reform of those programs but a big, big, big increase. so the question of whether or not to balance the budget is
Search Results 0 to 3 of about 4 (some duplicates have been removed)